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Centre Court Capital, an investment firm, announced that it had invested in Quidich Innovation Labs. This sports broadcast technology company was co-founded by Rahat Kulshreshtha, and Gaurav Mehta. The undisclosed investment amount secured through a series A funding round is intended to help Quidich expand across new sporting ventures throughout diverse geographies.
Quidich is leading the way in transforming the tech scene. They are dedicated to creating state-of-the art solutions that revolutionize sport and elevate the fan’s experience to new heights.
Quidich is at the forefront of an opportunity that is unique. The sports media rights market, currently valued at $56 billion, represents a huge opportunity. The global sports broadcasting market is expected to reach $114 billion in 2030, as technology continues to be an important growth driver. Quidich enhances live sports broadcasts by utilizing cutting-edge technology, including specialized camera systems and computer vision. Quidich, which shifted its focus exclusively to sports in 2019 has made significant progress.
In a recent press release, the company boasts about its status as a technology partner for clients such as the Board of Control for Cricket in India, International Cricket Council, Sky Sports, Sunset+Vine in UK, Channel 7 in Australia and SuperSport in South Africa, among others.
Rahat Kulshreshtha said, “We’re thrilled that Centre Court Capital has come on board as an investor. Beyond crucial funding, they bring a sporting legacy and a shared faith in the transformative powers of technology in sport. We are united by our goal of redefining the global sports viewing experience. We are confident that Centre Court Capital will help us achieve this.
Quidich unveiled ‘HypeReality,’ a product developed in collaboration with the International Cricket Council. This innovation will redefine sports fan engagement. HypeReality combines the technological expertise of both partners to transform the spectator experience. It brings the electrifying atmosphere from the ICC Men’s T20 World Cup in 2024 into homes all over the world. Apple Vision Pro, the latest in immersive technology, is used to create this product. It promises to provide users with an unmatched level of excitement and immerse them.
As sports broadcasting technology undergoes a sector wide transformation, broadcasters are looking for partners who can guide them into a brand new era. Quidich’s unwavering commitment and dedication to quality, as demonstrated by their constant pursuit of excellence in cricket, positions them to be leaders for this transition, said Mustafa Ghouse. General Partner at Centre Court Capital